Posted by akhan1717 > 2016-04-28 11:17 | Report Abuse

..its an asset which will nvr be around for too long...hope mngmt cn do a private take ...

Posted by Leong Cheong Fatt > 2016-04-28 11:42 | Report Abuse

Credit sussie hold 20% and other holder vote for no to gain short term profit, while many votes yes were unable to attend the AGM meeting, is it right ? Sona management is tdifficult to bypass from investor get consent ?

Posted by 3iii > 2016-04-28 11:44 | Report Abuse

The shareholders have spoken.

Posted by hankc > 2016-04-28 12:05 | Report Abuse

With oil prices moving higher and ringgit appreciating against the dollar, 10% ROI doesn't look very attractive now, does it? The pendulum will swing to the other extreme, as laws of nature govern. People who can come up with $2+ million in 3 days are not so dumb as to spend it on virtual toilet paper. They may as well spend it on other equally useless things such as a bentley mulsanne. This one gets a little dramatic but don't lose sleep over it.

Posted by MG11 > 2016-04-28 12:07 | Report Abuse

Find a private equity that shares the Mgmt sentiment.

Offer 48sen now for each...max RM 300+M to buy out. Request extension on STAG S&P.
Those that "nays" before will be tempted
rather than wait for at least year end refund.

Announce new EGM, you will see some of the earlier "nay"
will become "ayes"...

Oil price now favor that particular QAs.

Posted by sudahkena > 2016-04-28 12:12 | Report Abuse

toilet paper a few milkion..better go strip club

Posted by JN88 > 2016-04-28 12:15 | Report Abuse

Toilet paper become gold...

Posted by Kareemabduljabbar > 2016-04-28 12:24 | Report Abuse

Why would anyone who has access to myr 300 mil buy an asset for 48 cts when immediately it becomes 38 cts or so, by virtue of the management block dilution ? I would just buy directly from SANTOS. The deal only works if the investor can create some hype and goreng the stock to say 60-70 cts and make money along the way. But again, why would you offer this free ride to managements more so these bunch of people ? Over 1100 stocks in bursa you can goreng. The maths only works if the management surrender their entire block of stock and warrants to the new shareholder for a token sum say myr 10-15 mil.

Posted by coolinvestor > 2016-04-28 12:29 | Report Abuse

guys pls dun dream too much.

history is repeating all over again from spacs listed thruout the world.

heres an interesting writeup.

http://www.investingdaily.com/10914/special-purpose-acquisition-companies-spacs-will-investors-live-long-and-prosper/

read the Hedge Fund Obstructionists section.

hence its true that history is repeating itself.

as long as majority shareholders are hedge funds/yield investors...dun dream too much. accept reality

Posted by Old90 > 2016-04-28 13:41 | Report Abuse

Still got 3 months time left, just wait for the management team to give out further announcements. Things do change from time till time, you will never know what happen until the end whether good or bad.

Posted by DON_JUAN > 2016-04-28 14:20 | Report Abuse

SURE DIE >> don't wait till you can't runnnn edi - dead trap !!

Posted by JN88 > 2016-04-28 14:27 | Report Abuse

OMG DON-JUAN you very bad ya....

Posted by harta999 > 2016-04-28 14:44 | Report Abuse

why there are ppl collecting @ 0.005... dont they think it is toilet paper??

Posted by Old90 > 2016-04-28 14:59 | Report Abuse

Suggest to wait for announcements, is completely safe for mother shares, just for the son holders, selling at 0.005 and get back tat few cash doesn't help much, is better to bet for the remaining 3 months time left.

Posted by rohank71 > 2016-04-28 15:07 | Report Abuse

Can someone confirm this.
I heard Santos not agreeing to the extension of time to complete the purchase of STAG.
If the above is true than Plan B fail and no way to continue doing anything.

Posted by DON_JUAN > 2016-04-28 15:55 | Report Abuse

BOOOOOO CHOWWWWWWW CCCCCCCCCCCCCCCCCCCCC
SONA-WA FINISH !

Posted by meegoreng > 2016-04-28 18:11 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5073429

Posted by JN88 > 2016-04-28 18:47 | Report Abuse

So how?? Director fee ooo...waseh around 500k

Posted by Kareemabduljabbar > 2016-04-28 19:03 | Report Abuse

Wasting shareholder money holding it at Saujana. It is your and my money. hold it at Dewan Felda or elsewhere cheaper.

Posted by T1T4N > 2016-04-28 20:33 | Report Abuse

So fast declare AGM date?
Looks like no EGM before 21/6/2016.
Good luck

Posted by JN88 > 2016-04-28 21:10 | Report Abuse

Dewan Felda? better at Dewan orang ramai...wakakakakka

Posted by cashflow > 2016-04-28 22:22 | Report Abuse

Sona director wants fee of 500k for cheating his investors. This guy same breed with jibby

Posted by sudahkena > 2016-04-28 23:01 | Report Abuse

ths time vote - NO..kah2..ini director useless

Posted by DON_JUAN > 2016-04-29 00:50 | Report Abuse

Bro.....don't be angry with them (director) ...Dia sudah bagi LUI $$$ dulu , IPO time - many got jackpot @ rich edi.....Now blame yourself , none others . BANGGG your head to the coconut tree as a spicy lesson !!
Nobody hold you at a gun point to buy SONA-WA >> your own choice....!!

All over the world , semua tahu , this is SPAC - SURE BOOOOOO CHOWWWWW CCCCCCCCCCCCCC.....!!

Posted by PE_10 > 2016-04-29 05:10 | Report Abuse

Loss making(EPS -.75 sen). No PE, TP 1 sen.
http://klse.i3investor.com/servlets/stk/fin/5241.jsp

Posted by ab55 > 2016-04-29 07:03 | Report Abuse

Bila investment menjadi semua director bagus, bila tak menjadi maki hamun director kenapa tak salahkan diri sendiri yg sifat tamak, tak layak dipanggil investor hanya layak dipanggil kaki judi saja.....

Posted by e1shi > 2016-04-29 07:17 | Report Abuse

brent USD48

Posted by ruslimz > 2016-04-29 07:35 | Report Abuse

company nak gulung tikar pun buat AGM.....tak payah lah.....buat habis duit aku je.......

Posted by DON_JUAN > 2016-04-29 08:01 | Report Abuse

agree 200 % dengan itu ab 55.....SPAC market di US semua mati dahhhh....
if there is another SPAC IPO - NOBODY will buy !!
SONA -WA RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN while you can ...
but the buyer half sen become less & less
TODAY most likely end up SONA-WA NO BUYER AT ALL ....beware !!

Posted by prc4wifefe > 2016-04-29 08:18 | Report Abuse

Only way turn things around by asking institutional investor sign LOI ...

Posted by DON_JUAN > 2016-04-29 08:49 | Report Abuse

RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN......
DEAD DUCK.......!!

Posted by harta999 > 2016-04-29 10:06 | Report Abuse

who is there collecting toilet paper @ 0.005???

Posted by Maxong > 2016-04-29 10:22 | Report Abuse

collecting 0.005 may be not so funny BUT

who is there collecting 0.01???

Posted by MG11 > 2016-04-29 11:32 | Report Abuse

The SonaHaters may lol...

But...it may not last long.
Punters are smarter...

Posted by speakup > 2016-04-29 11:37 | Report Abuse

Sona annual report out:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5076193


Tengok siapa yang peggang banyak warrant.....

Posted by speakup > 2016-04-29 11:39 | Report Abuse

Siva Kumar 10 mil warrants!
Credit Suisse 16 mil warrants!

semua jadi toilet paper!

Posted by speakup > 2016-04-29 11:40 | Report Abuse

cliq director JULIAN SURESH CANDIAH peggang 56 mil mother 0 warrants.... mesti dia yang vote NO

Posted by T1T4N > 2016-04-29 12:10 | Report Abuse

Wow, all those big mother shareholder with zero warrant sabotage the deal!!

Already proven again, when your mother share price lower than guaranteed, big players can kill you easily with a guaranteed yield some more.

Gone case.

Posted by callme777 > 2016-04-29 15:10 | Report Abuse

Sona management only has themselves to blamed

Posted by Kareemabduljabbar > 2016-04-30 09:43 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/04/30/tussle-in-reach-energy/

Posted by Kareemabduljabbar > 2016-04-30 09:46 | Report Abuse

Everyone blaming yield investors. Who are these yield investors ? I blame management. You roll the dice and if you win you get gloriously rich, if you lose you have very minimal outlay. And you blame everyone else. If your STAG deal so great how come you can't convince anyone to buy SONA shares. Why before the EGM share price is below cash value ? The entire market has ZERO confidence in you and your deal. The mathematics very simple. All SPACS that share price below cash value will fail at EGM. Full stop.

Posted by paper123 > 2016-04-30 10:58 | Report Abuse

Any u-turn? brent crude on bull.

Posted by sudahkena > 2016-04-30 12:05 | Report Abuse

it short of time...in their article association. .must be winding up after expired of time...

after the egm.... there are some people ask me wht a result? what a effect to wa? and bla..bla.. so I think in market... there are people just buy without know nothing...n tht why still have q 0.005 wa...unless big player / insider know something...... I still have a hope.... hope for u turn since oil price up..dont care mgt can get 20% stake free...most important do the best.

Posted by sudahkena > 2016-04-30 14:49 | Report Abuse

all win

Posted by Yunus > 2016-04-30 15:00 | Report Abuse

SONA should be given a chance to continue with an asset that holds promise. There are worse companies out there (non-SPAC) who leave much to be desired in terms of their assets and financial performance.
The rights and interests of shareholders who supported the QA should also be considered, taking into account the fact that those who attended the EGM (i.e the non-proxies and not the yield investors) the support exceeded the 75% requirement for a YES .

The SC should do what is right in supporting the company to remain listed after the dissenters (~77%) have been paid, if SPACs as an alternative to tap into the capital market are to survive.

The structural issues with SPAC should be addressed by the SC to ensure that long term investors are seriously taken into consideration and that SPAC (now and in future) continue to see the light of day especially when the QA has been approved by the SC itself!

Posted by speakup > 2016-04-30 16:34 | Report Abuse

Kareemabduljabbar is right. Biggest blame is on Sona management, not yield investors. If Sona management truely really believe in Stag, they would have bought Sona shares from the open market (and not yet anybody like CS, PAG, etc to dictate the QA).
Too late now.....if anybody want a 2nd chance, go look @ Reach. Sona is history!

Posted by stockmanmy > 2016-04-30 16:39 | Report Abuse

They should respect the 77% who already voted no

Posted by sudahkena > 2016-04-30 18:28 | Report Abuse

yup... time ho to reach..n vote No....

Posted by hpcp > 2016-04-30 23:50 | Report Abuse

How many people think Sona's STAG acquisition is a good deal? Not only Sona share price didn't go up, it actually came down closer to the egm. Don't blame yield investors

Posted by maselankacak > 2016-05-01 12:47 | Report Abuse

Lol about a week ppl still cant get over it. Cmon guys, i also lost big sum of money. It is a lesson learnt. Get a grip la macha